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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: hunchback who wrote (32979)	5/1/1999 1:48:00 PM
From: Gord Bolton	Read Replies (1) \| Respond to of 116790

That is interesting stuff. It seems to me from a cursery scan that Russia is the biggest liability for the IMF. They have very little foreign currency and their prospects for paying back cash are very slim. Oil, diamonds, nickel and precious metals they have if they can get them out of the ground and to market. Maybe the IMF wants to sell some gold because they expect Russia will be paying in commodities, including gold or not at all. I have to admit that it seems very strange to me that many organizations including the IMF are inclined to sell at this point (low point) when there are many indications that if they quit selling and talking about selling the price of their assets would rise significantly.